Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Entity Data Management
Entity data management has historically been a rather overlooked area of the reference data landscape, but with the increase focus on managing risk, the industry is finally taking notice. It is now generally agreed to be critical to every financial institution; although the rewards for investment in entity data management appear to be rather small,…
Avox Signs Partnership with Xinhua Finance to Extend Business into China
Business entity data specialist Avox has signed a partnership agreement with financial information and media service provider Xinhua Finance to extend its reach into the Chinese market. The agreement represents the first level of partnership with Xinhua Finance and involves an arrangement for the Chinese firm to distribute international business entity data to the local…
Markit Offers Free Access to RED for Smaller CDS Firms to Encourage Broader Buy Side Buy In
Data, portfolio valuations and OTC derivatives trade processing vendor Markit has released a new license for its Reference Entity Database (RED) for smaller buy side firms. Under the terms of the new license, asset managers with low credit default swap (CDS) trading volumes that use DTCC Deriv/SERV for trade confirmation will gain free access to…
Markit Launches Counterparty/Compliance Documentation Library
Data, portfolio valuations and OTC derivatives trade processing vendor Markit has launched a new documentation library that allows financial institutions to post, manage and share compliance, counterparty credit and regulatory documents securely. Called Markit Document Exchange, the new service automates KYC, anti-money laundering and compliance certification processes in order to reduce risk and lower operational…
SEC to Mandate Adoption of XBRL Financial Reporting For Large Publicly Listed US Firms
The Securities and Exchange Commission (SEC) has issued rules requiring large publicly held US companies to adopt extensible business reporting language (XBRL) for their financial reporting by 15 December. This follows the SEC Advisory Committee on Improvements to Financial Reporting’s report, released in February, which recommended that companies should use XBRL to tag their financial…
A question of semantics
It has been all go on the standards front this month, what with the release of the “industry roadmap”, ongoing discussions on the future of the business entity identifier (BEI) and a veritable cartload of progress updates from the EDM Council. The buzzword of the moment seems to have quietly become “interoperability”, rather than “convergence”,…
Markit Adds License for RED for Smaller Firms
Data, portfolio valuations and OTC derivatives trade processing vendor Markit has released a new license for its Reference Entity Database (RED) aimed at smaller buy side firms. Under the terms of the new license, asset managers with low credit default swap (CDS) trading volumes that use DTCC Deriv/SERV for trade confirmation will gain access to…
Telekurs Financial Implements IBEI Codes
Broadening the adoption of a standard identifier for business entities, Telekurs Financial has implemented the International Business Entity Identifier (IBEI) codes for its Valordata Feed (VDF) and its financial display Telekurs iD. The vendor has been working on this implementation since June 2007 in order to allow European customers to identify participants in the processing…
Markit Launches Counterparty and Compliance Documentation Library
Data, portfolio valuations and OTC derivatives trade processing vendor Markit has launched a new documentation library that allows financial institutions to post, manage and share compliance, counterparty credit and regulatory documents securely. Called Markit Document Exchange, the new service automates KYC, anti-money laundering and compliance certification processes in order to reduce risk and lower operational…
Cicada Expands KYC Solution Business Development Team
Shaun Hassett has joined Cicada’s business development team as vice president of business development. He will be responsible for developing and expanding the company’s Cicada Profiler software business. Prior to Cicada, Hassett was national account manager at Accuity, a provider of data, software and services to help organizations maximize efficiency and meet their regulatory compliance…